SFC Environmental Technologies, a Navi Mumbai-based wastewater treatment solutions provider, on October 21 fixed the price band for its upcoming initial public offering (IPO) at Rs 313–330 per share. The public issue will open for subscription on October 27 and close on October 29.
The company aims to raise up to Rs 667.5 crore through the IPO, valuing it at Rs 3,232.5 crore at the upper end of the price band.
The IPO comprises a fresh issue of Rs 150 crore and an offer for sale (OFS) of 1.56 crore equity shares worth Rs 517.5 crore. The promoters and other existing shareholders will offload shares through the OFS.
Investors can bid for a minimum of 45 equity shares and in multiples of 45 shares thereafter. Accordingly, the minimum investment for retail investors will be Rs 14,850, while the maximum investment will be Rs 1,93,050.
The company will open its one-day anchor book for institutional investors on October 26. Its shares are expected to list on the stock exchanges on November 3.